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USD / JPY wave analysis and forecast correction is completed. reduction pair is expected.
Estimated pivot point is at 113.84.
Sell the pair from correction below the level of 113.85 with the aim of 107.00 - 106.00.
Alternative scenario: A break and consolidation above the price level of 113.84 will allow the pair to continue to grow to the level of 116.00.
Analysis: Presumably, formation of the descending impulse within the senior level of the third wave. At the moment, apparently, completed the development of upward correction as the fourth wave (iv) of iii, which took the form of a triangle, and the formation of the fifth wave (v) of iii, under which formed Zachodni wave of junior level i of (v ) completes the correction ii of (v)
Estimated pivot point is at 113.84.
Sell the pair from correction below the level of 113.85 with the aim of 107.00 - 106.00.
Alternative scenario: A break and consolidation above the price level of 113.84 will allow the pair to continue to grow to the level of 116.00.
Analysis: Presumably, formation of the descending impulse within the senior level of the third wave. At the moment, apparently, completed the development of upward correction as the fourth wave (iv) of iii, which took the form of a triangle, and the formation of the fifth wave (v) of iii, under which formed Zachodni wave of junior level i of (v ) completes the correction ii of (v)
